Kross IPO vs Shree Tirupati Balajee IPO

Comparision between Kross IPO and Shree Tirupati Balajee IPO.

IPO Details

Kross IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kross IPO	Shree Tirupati Balajee IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Equirus Capital Private Limited	Pnb Investment Services Ltd Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kross IPO is up to ₹500.00 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

	Kross IPO	Shree Tirupati Balajee IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹228.00 per share	₹78.00 per share
Issue Price (Upper)	₹240.00 per share	₹83.00 per share
Issue Price (Final)	₹240.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	62 shares	180 shares
Fresh Issue Size	1,04,16,667 shares	1,47,50,000 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹122.43 Cr
OFS Issue Size	1,04,16,667 shares	56,90,000 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹47.23 Cr
Issue Size Total	2,08,33,334 shares	2,04,40,000 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹169.65 Cr

IPO Timetable

Kross IPO opens on Sep 09, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Kross IPO and Shree Tirupati Balajee IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

	Kross IPO	Shree Tirupati Balajee IPO
Anchor Bid Date	Sep 06, 2024	Sep 04, 2024
Issue Open	Sep 09, 2024	Sep 05, 2024
Issue Close	Sep 11, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 12, 2024
Anchor Lockin End date 1	Oct 11, 2024	Oct 09, 2024
Anchor Lockin End date 2	Dec 10, 2024	Dec 08, 2024

Financials

Kross IPO P/E ratio is 28.93, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

Kross IPO

Shree Tirupati Balajee IPO

Financial

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	516.94	392.46	391.89
Revenue	552.82	478.14	453.79
Profit After Tax	36.07	20.72	13.66
Net Worth	173.07	110.21	92.23
Reserves and Surplus	106.24	109.05
Total Borrowing	243.69	223.81	240.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

88.38%

Promoter Shareholding (Post-Issue)

67.7 %

65.42%

P/E Ratio

28.93

15.37

Market Cap

₹1548.23 Cr.

₹677.04 Cr.

ROE

30.57%%

20.84%%

ROCE

28.15%%

16.29%%

Debt/Equity

0.8

1.41

EPS

₹8.30

₹5.40

RoNW

30.57%%

20.84%%

Shares Offered

In the Kross IPO retail investors (RII) are offered 72,91,666 shares while in Shree Tirupati Balajee IPO retail investors are offered 72,91,666 shares. Qualified institutional buyers (QIB) are offered 41,66,667 shares in Kross IPO and 40,88,000 shares in Shree Tirupati Balajee IPO.

	Kross IPO	Shree Tirupati Balajee IPO
Anchor Investor Reserveration	62,49,999 shares	61,32,000 shares
Market Maker Reserveration
QIB	41,66,667 shares	40,88,000 shares
NII	31,25,000 shares	30,66,000 shares
RII	72,91,666 shares	71,54,000 shares
Employee	0 shares	0 shares
Others
Total	1,45,83,333 shares	1,43,08,000 shares

Bids Received (Subscription)

Kross IPO subscribed 17.66x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

	Kross IPO	Shree Tirupati Balajee IPO
QIB (times)	24.55x	150.87x
NII (times)	23.40x	210.12x
Big NII (times)	23.21x	225.47x
Small NII (times)	23.77x	179.41x
RII (times)	11.26x	73.22x
Employee (times)
Other (times)
Total (times)	17.66x	124.74x

Compare with others

Kross IPO	Shree Tirupati Balajee IPO
KRN Heat Exchanger IPO	Arkade Developers IPO
Northern Arc Capital IPO	Western Carriers (India) IPO
Arkade Developers IPO	P N Gadgil Jewellers IPO
Western Carriers (India) IPO	Kross IPO
P N Gadgil Jewellers IPO	Tolins Tyres IPO
Tolins Tyres IPO	Gala Precision Engineering IPO
Shree Tirupati Balajee IPO	Baazar Style Retail IPO
Gala Precision Engineering IPO	Bajaj Housing Finance IPO
Baazar Style Retail IPO	ECO Mobility IPO
Bajaj Housing Finance IPO	Premier Energies IPO

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